Transaction Field by Exscudo

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Transactions have the following fields in them.

Transaction type

The type of transaction describes certain things of the corresponding activity. Transactions are handled with logical reasoning that is difficult to coded. Unknown type to node handling is unacceptable.

Time of creation

Each transaction has its own time stamp which is similar to its formation time expressed in seconds rather than a few hours after the formation of block-genesis. This case finds it difficult to generate similar deals faster than seconds. In the coming days, this field will be used to specify and bypass certain transactions. And this field helps to identify and cut-out old deals as well.

Lifetime

It describes the actual time after which the unfounded transaction is deleted. The fixed time in minutes and the transaction's live time is set to 60 minutes by-default. Expired transactions can not be accepted by peers for transformation.

Reference to the Transaction bases: - Transactions that are part of the previous prior block are recognized as bases. This is an alternate field used to create a chain of dependencies and setting the opening state.

Recipient address

Unlike bit-coin transactions, EON transactions do not have a bond script and are similar to NXT transactions. Instead of lock-scripts to find the sender and recipient. EON transaction has user Id. You can not post here now for the recipient id confirmed before it continues.

Commission

The Commission was debited for adding transactions to block. The Commission affects the transaction ratings in the development of new blocks. # The commission is rooted in the sender of the transaction. It will never be zero unless it creates a new account.

Data

The content of the field is identified by a particular transaction type. Because it can have its own encrypted data.

Sender address: - This is a connection to the sender's account in the sender's public key pattern.

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